DOCSLIB.ORG

Holden Shutdown: General Motors International Boss Stefan Jacoby Says Australia Is Better Without Car Manufacturing JANUARY 14, 20155:40AM

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Holden Shutdown: General Motors International Boss Stefan Jacoby Says Australia Is Better Without Car Manufacturing JANUARY 14, 20155:40AM Holden shutdown: General Motors international boss Stefan Jacoby says Australia is better without car manufacturing JANUARY 14, 20155:40AM AUSTRALIA is better off without manufacturing and government incentives are no way to form a business, says Stefan Jacoby, the international General Motors executive who announced the closure of the Holden factory. In another startling revelation, Mr Jacoby also claims Mike Devereux, the Holden boss who fought to save Holden’s assembly line for two years and pushed for an increase of more than $200 million in government funding, was in fact in favour of the shutdown. Speaking to Australian media in Detroit, Mr Jacoby was asked, with the benefit of hindsight, did General Motors make the right decision to close the Elizabeth facility. “I think so. You have identified me as the one who made the call for stepping out of manufacturing in Australia. Yes, I am the guy who made finally this decision and presented this to the board,” said Mr Jacoby. “But I am of the strong opinion that this was the right thing for Australia and this was the best thing for Holden overall,” said Mr Jacoby, even though 1400 Holden factory workers will be out of a job within the next three years. Mr Jacoby said the reduction of import tariffs and the Federal Government's decision to sign more Free Trade Agreements signalled the end for Holden’s factory in Elizabeth in South Australia and the engine plant in Port Melbourne. When asked if he disagreed with Mike Devereux’s public push to save the factory and secure an increase in government funding, Mr Jacoby said: “I didn’t know about that … I didn’t think he was a supporter of local manufacturing. I think Mike was supporting me in the decision to make the call actually to step out.” Mr Devereux was unavailable for comment as this article was prepared. But Mr Jacoby said the decision to close the Holden production line was inevitable. “The decision was not made based on government policy. With or without government incentives, it doesn’t pencil,” he said. “Even if you add all the (government) incentives … it doesn’t make sense to produce (cars locally).” Mr Jacoby said it was wrong to base a business decision on government incentives alone. “You cannot make that business case,” said Mr Jacoby. “That’s the wrong decision.” Mr Jacoby added: “It was not a coincidence that our friends from Toyota followed (with a factory shutdown announcement) more or less two months later”. “Do you think they just (said) ‘Holden made this decision, now we have to make a decision as well’. No they had this in their pocket as well.” Mr Jacoby said it was important to be transparent with Holden workers, dealers and customers. Holden research shows many Australians believe Holden dealerships are also closing when in fact the Holden name will stay and will instead become solely a vehicle importer. “I think I have underestimated the uncertainty of our consumers and maybe from the very beginning we should have made more efforts to clarify that the decision to wind down our manufacturing has nothing to do with our presence as well,” said Mr Jacoby. “The major concern of our customers is our commitment to stay in Australia. We have not communicated strong enough. Holden is an iconic brand and would be stupid to give this up.” Meanwhile Holden is still without a boss after Gerry Dorizas left suddenly four months ago — after barely six months in the job. Mr Jacoby confirmed that Mr Dorizas resigned for "personal reasons" but the two agreed to an "exit package". The president of General Motors, Dan Ammann, says Holden will appoint its sixth boss in six years by the end of March. “We will pick the best person for the job,” said Mr Ammann. “We are keenly aware of (the high turnover) … our goal is for that not to continue.” When asked if the new boss of Holden will be an Australian for the first time in 25 years, Mr Ammann said: “We’ve been moving more in the direction across the company of having local managers. There is a lot of reasons why that’s a good thing. But at the same time we will find the best possible person we think can run the business for the long term.” The last Australian to run Holden was the late John Bagshaw, between 1987 and 1990. http://www.news.com.au/technology/innovation/holden-shutdown-general-motors-international-boss-stefan-jacoby- says-australia-is-better-without-car-manufacturing/story-fnjwucvh-1227183680228 .
Load more

Recommended publications
  • Poreionymic Backronyms
    © 2020 Lege artis. Language yesterday, today, tomorrow Research article LEGE ARTIS Language yesterday, today, tomorrow Vol. V. No 2 2020 POREIONYMIC BACKRONYMS: AMBIT, FORMATION, AND DIVERSITY1 Dmytro Borys* Kyiv National Linguistic University, Kyiv, Ukraine Olena Materynska Taras Shevchenko National University of Kyiv, Kyiv, Ukraine *Corresponding author Bibliographic description: Borys, D. & Materynska, O. (2020). Poreionymic backronyms: Ambit, formation, and diversity. In Lege artis. Language yesterday, today, tomorrow. The journal of University of SS Cyril and Methodius in Trnava. Trnava: University of SS Cyril and Methodius in Trnava, 2020, V (2), December 2020, p. 2-52. ISSN 2453-8035 Abstract: The present paper examines the nature, formation patterns, types, and correlations of poreionymic backronyms, i.e. phrases serving as alternative interpretations of acronyms and non- acronyms designating transport brands, namely cars, both on theoretical and empirical planes. Since backronyms are likely to be confused with other linguistic phenomena, such as acrostics, apronyms, disabbreviations, and recursive acronyms, the differences between these notions are also analysed in the article. Key words: backronym, poreionym (transport brand name), acronym, non-acronym, acrostic, apronym, disabbreviation, recursive acronym, language game. 1. Introduction The postmodernism era is often said to be "marked by a shift from truth to fiction and narrative, by a change from the world of experience to that of language, and by the 1 This publication is also part of a sociolinguistic diversity investigation within Project № 2020.02/0241 (Ecolinguistic Modes of Ukrainian Discursive Space in the European Multicultural Continuum) supported by the National Research Foundation of Ukraine as "Leading and young scientists research support". 2 ISSN 2453-8035 demise of the three great metanarratives of science, religion and politics with their replacement by local language-games" (Lecercle 1990: 76).
    [Show full text]
  • File C Interests Jim Freeman's Story Complete Document
    Jim Freeman's Story: complete document Page 1 of 16 Jim Freeman's Own Story May 24, 1990 My first introduction to the motor business, in any active way, was at Ardrossan, SA in l924, and the first vehicle I drove was a Ford T. My father, Stanley Walter Gilroy Freeman (hereafter SWG) had joined S.A. (Bert) Cheney in promoting the l924 Dodge at the Kadina Show, and had been celebrating a few sales. My repeated requests to be allowed to drive were finally approved. I was to be given the test of driving home from the show. 'If you can miss the bumps, you can have a go'. This all happened for me at the tender age of 11 years. I missed the bumps well enough, for Dad did not wake up until we were going up the hill into Ardrossan. Early Days The Dodge 4 of l922-25 became recognised as the 'sturdy car for hard work'. It was, indeed, a really good, medium-weight, long-life vehicle. It was novel in its 12 volt electrical system, combination generator/starter motor, and 3-speed gearbox with the 'shift' positions opposite to the general trend. The Dodge was the next most popular to Ford, and about double the price. It was in such unit that Dad took the family to see Harry Butler land in Minlaton, after having flown his little red monoplane across the gulf from Adelaide, in 1924. Dad and Harry were great friends, and I can picture Harry Butler now, climbing from his plane, all rigged out with goggles, leather helmet, coat and gloves, exclaiming to Dad, 'I could see the bottom of the sea from up there!' Their friendship led to much in the future.
    [Show full text]
  • Official Name: Holden Ltd Owned By: General Motors Current Situation
    Official name: Holden LtdThe 2005 Holden Efijy (pronounced effigy) concept car Owned by: General Motors Current situation: Holden builds no vehicles; it’s just a brand. All of its models are made by overseas com- panies owned by, or associated with, General Motors. Holden badges are glued to these cars as they leave their factories. Holden lost money for most of the last decade, but has bounced back since it stopped building cars in Aus- tralia. Chances of survival: uncertain. Holden’s owner – General Motors – lost $3.9 billion in 2017 after the sale of its loss-making European opera- tions. GM’s operations in USA and China are currently profitable, but vulnerable to economic downturn. The Holden brand will continue in Australasia as long as there is consumer demand for it, but Holden sales have been dropping for years. Decades of lousy mod- els and lousy customer service may ultimately con- demn Holden as a brand • 1 All content © The Dog & Lemon Guide 2018 • All rights reserved. A brief history of Holden de AMES ALEXANDER HOLDEN, an Englishman from a long Jline of leather workers, went into partnership with Henry Frost in 1885. The Holden & Frost partnership boomed with the start of the Boer War, supplying leather equipment to the colonial soldiers. With the advent of the motorcar the Holden & Frost catalogue grew to include motoring accessories. From there, it was an easy ad- aptation to begin custom building car bodies; they knew coachwork well and had a massive industrial complex at their disposal. By 1923, demand exceeded supply.
    [Show full text]
  • Re Inquiry Into Post 2005 Assistance Arrangements for the Automotive Manufacturing Sector
    The Secretary Via Email to: [email protected] Automotive Industry Inquiry PO Box 80, Belconnen ACT 2616 Dear Sir, Re Inquiry into Post 2005 Assistance Arrangements for the Automotive Manufacturing Sector We wish to make a submission in relation to a number of automotive matters and would ask that the Commission accepts this document as the company’s initial presentation to the subject inquiry. Introduction to Premoso Pty Ltd Premoso Pty Ltd (“Premoso”) is an Australian subsidiary of the UK based, TWR Group Limited (“TWR”) and employs approximately 190 personnel throughout Australia. TWR is a globally renowned automotive entity supplying advanced styling and engineering inputs to automotive manufacturers such as Jaguar, Renault, General Motors, Ford, Aston Martin, Nissan, Volvo, Mazda and Saab. It is also heavily associated with international motor sport and currently fields the Formula 1 “Arrows” team. Its design and engineering centres in Leafield and Worthing in the UK were replicated in Australia during 1999 with the commissioning of a facility located in Clayton, Victoria. This business operates through a separate subsidiary entity to Premoso and features the exchange of both technology and human resources. The business model for Premoso is predicated upon the existence of a certain niche demand within the automotive market, for exotic, high performance passenger motor vehicles, which in the main, are generally satisfied by imports. The model is structured to enable the company to exploit that demand by combining the company’s recognized strengths in design, styling innovation and engineering with an independently produced platform to produce a vehicle, which fulfils both market requirements as well as commercial investment expectations.
    [Show full text]
  • Breakthroughs of 2004 Endeavor VOLUME SEVEN NUMBER THREE Winter 2004/05
    VOLUME SEVEN NUMBER THREE Endeavor Breakthroughs of 2004 Endeavor VOLUME SEVEN NUMBER THREE Winter 2004/05 This issue of Endeavor magazine features breakthroughs of 2004 at The Scripps Research Institute. Among many significant scientific milestones this year: the development of potential treatments for certain kinds of blindness that currently have no cure, significant findings on the molecular roots of alcoholism, innovative therapeu- tic strategies for heart attack and stroke, and a new hypothesis on the causes of Alzheimer’s and Parkinson’s diseases. featured page Research Offers New Hope in the Search to Treat Blindness: 6 Martin Friedlander Explores the Potential of Stem Cell Therapy for Restoring Vision Working to Solve the Alzheimer’s and Parkinson’s Puzzles: 10 Jeffery Kelly Proposes a New Explanation for Neurological Disorders Value Added: 14 David Cheresh Conducts Basic Research with Therapeutic Potential At the Roots of Alcoholism: 18 Cindy Ehlers Finds Molecular Answers to an Urgent Social Problem also President’s Introduction 1 Focus on Florida 22 Interview with Harry Orf 24 Financial Highlights 26 Letter from the Development Committee Chair 27 Development Report 29 ENDEAVOR IS A PUBLICATION OF THE SCRIPPS RESEARCH INSTITUTE Year in Review 2004 PRESIDENT’S INTRODUCTION Leadership is about many things: a passionate commitment to pursuing your goals, a vision for the future and an adherence to staying the course, a record of solid performance and achievement, a spirit of innovation and creativity. As an organization, I believe that The Scripps Research Institute has firmly established its leadership position in the international scientific community by remaining true to these basic tenets, by continuing to promulgate a record of outstanding scientific achievements, by attracting extraordinarily talented scientific faculty, staff, students, and board members, and by extending the reach of its capabilities by developing our major new initiative in Florida.
    [Show full text]
  • COSTCO AUTO PROGRAM INTRODUCES SEASON of VALUES Costco Member Savings on Chevrolet, Buick, GMC and Cadillac Models Oct
    FOR IMMEDIATE RELEASE MEDIA CONTACT: Honey Mae P. Kenworthy Costco Auto Program (858) 777-6538 [email protected] COSTCO AUTO PROGRAM INTRODUCES SEASON OF VALUES Costco member savings on Chevrolet, Buick, GMC and Cadillac models Oct. 1, 2019, through Jan. 2, 2020. SAN DIEGO, Oct. 1, 2019 – In anticipation of holiday shopping, the Costco Auto Program Season of Values promotion, launched today. The promotion will be available nationwide Oct. 1, 2019, through Jan. 2, 2020, on qualifying Chevrolet, Buick, GMC and Cadillac cars, trucks and SUVs.* For the past 12 years, Costco Auto Program has been running year-end promotions with manufacturers. Proven to be highly successful with Costco members, these promotions have yielded incremental increases in sales year-after-year. The last promotion resulted in 22 percent more units sold than in 2017. “[I am] so thrilled with my Buick Encore that I got through Costco Auto Program,” shared Costco member Elsa H. about her promotional purchase. “Saved a TON! Got a terrific small SUV that drives like a dream and found out about so many other products and services that Costco offers. Who knew? Love it!” Steadfast in its goal to deliver exceptional savings and a no-hassle auto buying experience for Costco members, Costco Auto Program, managed by Affinity Auto Program, has doubled the number of limited- time savings opportunities in 2019. “Costco Auto Program continues to deliver excellent value to Costco members,” said Mark DerGarabedian, Costco Services director. “Whether members prefer horsepower, fuel efficiency or extra passenger space, this year’s vehicle lineup has something for everyone.
    [Show full text]
  • OLDSMOBILE Morial Hospital, Kiliwa, China
    Mrs. JosepSTteast of the River' road was ill Jhi* place on Sunday. Miss Mamie Seamans, S. H. ft. '24, went to Augusta. Saturday morning, News of Somerset's Towns 100 contestants Busy where she wag one of the held I f ] in the State typewriting contest the at Cony high, and returned on FAST SOLON | ! necessary for a woman to get an edu- evening train. -Miss Seamans Is the cation to iact an old belief bai been Ruth Allwe has recovered from the of Mr. and Mrs. W. R. Sea- to learn Auto Tires daughter | that the women were unable I ! and hack to Athens measles has gone mans on the Cross road. Their home* are built of mud. They to school. ; and Mrs. V.'. K. Seamans went The floor Mr. at Franklin sleep in board or bricks. a wed- Mattie Merrill, teacher $9.00 to Anson last week to attend are made of mud. * school, spent the week end at flolon. | of their homes 1 by Mr. and Mrs. native * Size I non-skid, s ding reception given Mrs. Mary Alhee had quite an ac- Wages are cheap and likewise .W\3^, ply. for their daughter and George Fletcher cident one day this week when the I products, carpenters, plumbers k ((INN) mile iriiiiniiitcr. »w Stock 1 Mr. and Mrs. Clair a * and husband, whiffletree holt broke, tiie horse run- other skilled workmen get 23c day. i and to attend k __ n Woodman or Hartland out. She [ and women will work for another for ning down hill, throwing her the wedding of Mr.
    [Show full text]
  • General Motors — Some Wheel Spin, but GM Going Into Higher Gear
    28 January 2013 GLOBAL IDEAS www.anchorcapital.co.za www.investorcampus.com General Motors — Some wheel spin, but GM going into higher gear “It's a new day at General Motors (GM). Our fortress bal- On 1 October 2010 the company acquired 100% of the out- ance sheet, built on record annual earnings, more than two standing equity interests of AmeriCredit, an automotive fi- years of consistent profitability, strong liquidity and minimal nance company, renamed General Motors Financial Com- debt, is helping us grow profitably around the globe. GM is pany Inc. for cash of approximately $3.5bn. The acquisition #1 in total vehicle sales in the world's two largest auto mar- of AmeriCredit will allow them to provide a more complete kets, China and the U.S., and well positioned in fast- range of financing options to customers across the US and growing emerging markets like Brazil, Russia and India. Canada, specifically focusing on providing additional capa- A key focus of today's GM is strengthening our brands bilities in leasing and sub-prime vehicle financing options. around the world. Today, we sell two global brands – Cadil- lac and Chevrolet – flanked in most markets by regional On 18 November 2010 the company's common stock was brands like Buick and GMC, Opel and Vauxhall, Wuling, listed and began trading on the New York Stock Exchange Baojun, Holden and more. And it’s making a difference. In and the Toronto Stock Exchange under the designation GM. China, GM and its joint-ventures sold a record 2.5mn vehi- It was a brand new company with a strong balance sheet, a cles last year.
    [Show full text]
  • CHEVROLET U.S. and CANADIAN PRODUCTION FIGURES 1912 to 1931 May 17 2002 By
    CHEVROLET U.S. AND CANADIAN PRODUCTION FIGURES 1912 to 1931 May 17 2002 By KEN KAUFMANN, MONROVIA, CALIFORNIA [email protected] DAVID HAYWARD, SOUTHAMPTON, ENGLAND [email protected] PART I The Chevrolet Motor Company incorporation papers were signed on November 2 1911, with the place of business listed as Detroit, and papers were filed and recorded with the Secretary of State of Michigan the next day in Lansing, Michigan so November 3, 1911 became the incorporation date, though prior to then had presumably been “trading” as an unincorporated association or partnership, the Chevrolet Motor Company from March 1911, because Durant must have had a payroll and normal business expenses, in a room above the garage at 707 Grand River Avenue, Detroit, Michigan which was later re-numbered to 3939 Grand River Avenue and then moved over to the much larger 1145, West Grand Boulevard plant in August, being the leased former Corcoran Lamp Company building. The first Chevrolet drawings were made by M. Etienne Planche on 15 March 1911 at a garage premises at number 707, later 3939 Grand River Avenue, Detroit. It appears that the small second story space above the garage was used for new engine design and construction only. The prototypal Chevrolets were in fact produced in what would today be called a “pilot plant” in the 1145, West Grand Boulevard Plant that was used between August 1911 and August 1913. Durant tried to cover all aspects of the market, because the Little Six was introduced in January 1913 selling at under $1,400 alongside the first DETROIT-built Chevrolet Six which was to be called the Type C but at around 50% more expensive than the Little Four car.
    [Show full text]
  • Directorate Project Ive—Vehicle Navigation/Infotainment System
    DHS Science and Technology (S&T) Directorate Project iVe—Vehicle Navigation/Infotainment System Forensics for Law Enforcement Impact of Modern Vehicles Modern vehicles have complex networks that govern criti- smartphones, media players, USB drives and SD cards that cal safety functions such as brakes and airbags and control have been connected to a supported vehicle’s infotainment navigation and infotainment systems. This complexity has system as well as navigational data housed on a vehicle’s increased exponentially within the past decade. Modern network. In addition, iVe can acquire a vehicle’s events vehicles have an average of 70 computers and five net- data, which records information such as when the trans- works that connect the computers and generates about 25 mission shifts gears or when doors were opened. gigabytes of data per hour. A field-support capability developed with S&T funding, These onboard systems present new opportunities for law the iVe Mobile application includes a simple user interface enforcement agencies because the systems collect data that providing quick information about supported vehicles and can be used as evidence in criminal and terrorist investiga- step-by-step instructions for information acquisition. The tions. application can be used by first responders to quickly as- sess what information can be extracted from the vehicle. Impact on the Law Enforcement Community As part of the R&D contract, DHS S&T established the iVe Steering Committee. It is comprised of representatives from 17 federal, state and local law enforcement agencies and meets quarterly to discuss each new iVe release and provide additional requirements for Berla to incorporate in the next release.
    [Show full text]
  • Suzuki Otor Cor Oration
    Suz ki From W kipedia, the free encycl pedia Jump to: navigation,, search For othe uses, see S zuki (disa biguation).. Suzuki otor Cor oration Type Publi ( (TYO ::72697269 Industry Auto obile Founded 1909 (as Suzuki Loom Works) Founder(s) Michio Suzuki Headqua ters Hamamatsu,,ShizuShizu ka, Japan Osamu Suzuki, Ch irman of the Board, Key peoplele Presi ent, CEO,,CC O and Repre sentative Direc or or [1] •• Automobiles •• Engines •• Motorcycl s Products •• ATVs •• Outboard otors Revenue $33.46 billion (2008)[2] Operatin [3] [4] income ¥137.6 billion $1.48b) 20 20 1010 [5] Net inco e ¥61.2 billion ( ( 010) Employe s 14,266 (2009)[6] •• Magyar Suzuki •• Maruti Suzuki Subsidiaries •• Pak Suzuk Motor Website GlobalSuzuki.com Suzuki otor Corporation ( ( Suzuki abushiki-K isha?) is a apanese multinational corpor tion headq artered in amamatsu, Japan that s ecializes i manufac uring compact automobiles and 4x vehicles, a full range offmotorcyclmotorcycl s,,all-terraiall-terrai vehicles (ATVs),,ouou board mari e engines,, heelchairs and a variet of other s allall internal combust on engines. Suzuki is t e 9th large t automobile manufacturer in the world by producti n volume,[7] employs o er 45,000 eople, has 35 main pro uction facilities in 23 countrie and 133 di tributors in 192 countries.es.[[citation need d ]] Accordin g to statistics from the Japan A tomobile anufacturer s Association (JAMA), uzuki is Ja an's secon -largest manufac urer of small cars and t ucks. "Suzuki" is pronoun eded [suzuki] in Japanese, with a hig tone on th [ki].
    [Show full text]
  • Earnings Release with Financial Highlights
    THIRD-QUARTER 2020 EARNINGS GM Delivers Income of $4.0B and EBIT-adj. of $5.3B • EPS-diluted of $2.78 and EPS-diluted-adjusted of $2.83 • EBIT-adjusted margin of 14.9 percent driven by a strong product lineup, disciplined pricing and cost actions • Strong automotive liquidity of $37.8 billion; expect to repay revolver balance by year-end Q 3 2020 RESULTS OVERVIEW Net Revenue Income Auto Operating Cash Flow EPS-Diluted* GAAP $35.5B $4.0B $9.9B $2.78 vs. Q3 2019 0% 74% $4.9B 74% EBIT-adj. Margin EBIT-adj. Adj. Auto FCF EPS-Diluted-adj.* Non-GAAP 14.9% $5.3B $9.1B $2.83 vs. Q3 2019 6.5 pts 78% $5.4B 65% *Includes $0.05 benefit from PSA revaluations. This year, and the third quarter, is a testament to GM’s resilience. We entered the pandemic in a strong position and acted decisively to keep our teams safe, conserve cash and preserve liquidity, all while keeping our critical product programs on track. Now we are well positioned to meet rising customer demand, accelerate our transformation and deliver our vision of a world with zero crashes, zero emissions and zero congestion.” “ – Mary Barra, Chairman & CEO RESULTS DEMONSTRATE RESILIENCE POWERING GM’S ALL-ELECTRIC FUTURE GM’s third-quarter results prove the company can GM is making significant investments in product effectively manage the business through a global development and manufacturing to accelerate progress economy under severe stress. This is a result of its toward an all-electric future. agility, and strong and growing franchises.
    [Show full text]